- 03 Jan '23 at 5:44 pm #50664TradersComKeymaster
Bond Wrap: U.S. Treasuries good start in 2023 with gains across the curve. General growth concerns the catalyst
2-yr: -5 bps to 4.37%
3-yr: -7 bps to 4.17%
5-yr: -6 bps to 3.94%
10-yr: -10 bps to 3.78%
30-yr: -10 bps to 3.87%
Number of sub-50.0 PMI readings (the dividing line between expansion and contraction).
December Manufacturing PMI reports out of Asia and Europe. Falling energy prices, a stronger dollar, and some improved inflation data out of Germany helped the back end of the curve outperform.
The U.S. Dollar Index was up 1.1% to 104.53.
Wednesday’s session will feature the December ISM Manufacturing Index, the JOLTS – Job Openings Report for November, and the release of the FOMC Minutes for the December 13-14 meeting, all of which will feed expectations about the future path of the Fed’s monetary policy.07 Jan '23 at 10:14 am #50506TradersComKeymaster
U.S. Treasuries closed out the first week of 2023 in beastly form Friday following the December jobs report average hourly earnings growth moderating
[See the full post at: Bond Traders Weekly Outlook: Treasuries Soar on Soft Data Ahead of CPI and Powell]
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